WestJet Airlines (WJA) Upgraded at Raymond James Financial

WestJet Airlines (TSE:WJA) was upgraded by analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research report issued on Friday. The brokerage presently has a C$31.00 target price on the stock, up from their previous target price of C$28.00. Raymond James Financial’s price target would indicate a potential upside of 25.71% from the company’s current price.

A number of other equities research analysts have also weighed in on WJA. National Bank Financial lifted their price objective on WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 12th. Canaccord Genuity lifted their price objective on WestJet Airlines from C$27.50 to C$28.00 in a research report on Thursday, October 12th. CIBC lifted their price objective on WestJet Airlines from C$27.00 to C$29.50 in a research report on Friday, October 13th. TD Securities cut their price objective on WestJet Airlines from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. Finally, Scotiabank lifted their price objective on WestJet Airlines from C$28.25 to C$29.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. WestJet Airlines presently has an average rating of “Hold” and an average target price of C$28.29.

Shares of WestJet Airlines (TSE WJA) traded down C$0.21 during mid-day trading on Friday, hitting C$24.66. The stock had a trading volume of 448,235 shares, compared to its average volume of 433,979. The company has a market cap of $2,920.00, a price-to-earnings ratio of 9.98 and a beta of 0.76. WestJet Airlines has a 12-month low of C$21.03 and a 12-month high of C$28.00.

In other news, Director Karen Sheriff acquired 4,000 shares of WestJet Airlines stock in a transaction that occurred on Thursday, November 2nd. The stock was bought at an average price of C$25.55 per share, for a total transaction of C$102,200.00.

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About WestJet Airlines

WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States.

Analyst Recommendations for WestJet Airlines (TSE:WJA)

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